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turnover diff b/w Gst Returns n Income tax Returns
I have gst regular business having turnover of 40 lakhgst Returns filedAnd I have fish cultivation Business Having turnover of 80lakh Not included in gst Returns Now may Question is I am going to file tax audit case with 1.2cr turnover Because of mismatch with gst Returns will I get a Notice from IT Department? Should I include that turnover in gst Returns or what?
Replies (1)
Yes, its 'nil rated' supply under GST act, which must be declared in GST return.
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